S.D. board OKs economic development incentives for projects in four communities

Capitol News Bureau
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PIERRE, S.D. (KELO) — A food business based in Wisconsin and a western South Dakota community received funding Wednesday from the state Board of Economic Development.

The board approved a reinvestment payment up to $1,640,844 for sales and use taxes paid by Link Snacks Inc. for a project at its Alpena facility.

The board also made a local infrastructure improvement grant of $240,125 to Box Elder as the city prepares for new bombers at Ellsworth Air Force Base. The money will help pay for a new road that will serve a light-industrial area, according to Greta Stewart from the Governor’s Office of Economic Development.

Last month several large loans at low interest rates were committed to businesses from the board’s Revolving Economic Development Initiative program.

Dakota Protein Solutions, a rendering facility in Freeman, received approval for a $3,837,000 loan.

Fox Run Townhomes, a 72-unit townhome project in Yankton, received approval for a $4,864,725 loan.

This story has been updated.

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